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Olive oil made in Italy and sold in the United States is an example of which

Olive oil made in Italy and sold in the United States is an example of which

Olive oil made in Italy and sold in the United States is an
example of which of the following?
Global
brand
U.S.
export
U.S. import
Standardized
product

Question 2. Question
:
Tacky Toys, a U.S.-based toy retailer, buys all its
merchandise from Mushi Toys, a Japan-based toy manufacturer with production
facilities in 12 nations. Mushi Toys markets its toys globally without
modification. Mushi Toys selling its products to Tacky Toys is an example of
________.
importing
bartering
exporting
globalization

Question 3. Question
:
Which of the following is most likely not an effect of
globalization?
Increases
in the variety of capital flows across national borders
Increases in the economic
isolation of developing countries
Increases
in the rate at which products are diffused worldwide
Increases
in the volume of cross-border transactions

Question 4. Question
:
Which of the following are products marketed in all
countries essentially without any changes?
National
products
Adapted
products
Global products
Locally
responsive products

Question 5. Question
:
Two major forces that underlie the expansion of globalization
are ________ and ________.
deregulation
of tourism; the rise of nationalism
economic
interdependence; the decline of international organizations
trade
barriers; political unrest
falling barriers to trade and
investment; technological innovation

Question 6. Question
:
Jimmys Jeans creates denim in the United States. The jeans
are sold by British retailers who mark up the price by an additional 10% to
reflect the cost of taxes associated with importing the denim. The tax is known
as a __________.
Import
sanction
Tariff
Embargo
Nontariff
barrier

Question 7. Question
:
The three main goals of the ________ are to help the free
flow of trade, help negotiate the further opening of markets, and settle trade
disputes between its members.
General
Agreement on Tariffs and Trade (GATT)
World Trade Organization (WTO)
World
Bank
International
Monetary Fund (IMF)

Question 8. Question
:
Last year, Sabrina Shin started a business selling all types
of spices and hot sauces. The business is small but this entrepreneur’s dreams
are big. Given limited demand and sales fluctuations in the domestic market,
Sabrina has been considering going international; however, she has little
information, many doubts, and no guidance. If you were to advise Sabrina on the
myths versus facts of exporting, which of the following would you state is a
fact?
Only
large companies can export successfully.
Sabrina’s products do not need
export licensing.
Small
businesses have no place to turn for export advice.
There
is no export financing available for Sabrina’s business.

Question 9. Question
:
For 75 years, from the start of the First World War to the
end of the Cold War, there was a geographic divide between ________, and an
ideological divide between ________.
North
and South; protectionism and socialism
North
and South; regionalism and globalization
East and West; regionalism and
globalization
East and West; communism and
capitalism
Points Received: 0 of 1

Question 10. Question
:
Which of the following terms is used to refer to widespread
job turnover throughout an economy?
Redeployment
Churning
Wage
differentials
Attrition
spectrum

Question 11. Question
:
The “global business environment” consists of four
distinct elements: globalization, national business environments, the
international business environment, and ________.
falling
trade and investment barriers
international firm management
technological
innovation
multinational
corporations

Question 12. Question
:
Which of the following terms is used to refer to the
positive or negative evaluations, feelings, and tendencies that individuals
harbor toward objects or concepts?
Customs
Attitudes
Manners
Values

Question 13. Question
:
Which of the following statements regarding cultural change
is NOT true?
Cultural
change occurs as new traits are accepted and absorbed into a culture.
Cultural diffusion occurs
quickly in almost every culture.
Globalization
is increasing the pace of cultural diffusion.
Technological
advances are increasing the pace of cultural diffusion.

Question 14. Question
:
Which of the following terms is used to refer to behavior
that is shared by a heterogeneous group or by several groups?
Manners
Lingua
franca
Popular custom
Folk
custom

Question 15. Question
:
A ________ is a system of social stratification in which
people are born into a social ranking, with no opportunity for social mobility.
moksha
system
class
system
caste system
genealogy
system

Question 16. Question
:
When translated, the term Shinto means ________.
path
of the heart
way of the gods
escape
from reincarnation
achieving
enlightenment

Question 17. Question
:
According to Hofstede’s framework, which of the following
describes the degree of inequality between people in different occupations?
Power
distance
Uncertainty
avoidance
Individualism
Collectivism

Question 18. Question
:
Sid Maxwell is head of legal affairs for Hudson Inc., a
producer of animal figurines that include an embedded software program that
makes animal sounds. Hudson is expanding its market to include parts of Asia
and Maxwell is concerned about reports of software piracy in the region. The
software program embedded in Hudson’s figurines is an example of ________.
a copyright
intellectual property
a
trademark
local
content
Points Received: 0 of 1

Question 19. Question
:
Global Trading, LLC, is a distributor of computer software
and hardware, steel and copper scrap, and telephone and electric utility
equipment. Involved in three very different types of industries, the company
faces many types of risks in its global business. Global Trading just learned
that the government in one country in which it does business has taken over the
entire electric utility industry. The government’s actions are an example of
________.
confiscation
globalization
expropriation
nationalization

Question 20. Question
:
Which of the following philosophies maintains that a
company’s sole responsibility is to maximize profits for its owners?
Utilitarian
view
Righteous
moralist view
Friedman view
Cultural
relativist view

Question 21. Question
:
Which of the following terms is used to refer to personal
behavior in accordance with guidelines for good conduct or morality?
Standardized
behavior
Customary
behavior
Ethical behavior
Adaptive
behavior

Question 22. Question
:
A bootleg Prada backpack that costs $500 in New York but
sells for $100 in Rome is an example of which of the following?
Patent
infringement
Pirated product
Copyright
violation
Standardized
product

Question 23. Question
:
Which of the following was initially a code governing moral
and ethical behavior that was later extended to govern commercial transactions?
Civil
law
Hindu
law
Common
law
Islamic law

Question 24. Question
:
The value of all goods and services produced by the domestic
economy over a one-year period is called ________.
gross
domestic product (GDP)
human
development index (HDI)
gross
national product (GNP)
purchasing
power parity (PPP)

Question 25. Question
:
Which of the following is an example of a political motive
behind government intervention in trade?
Promote
a strategic trade policy
Gain influence over other
nations
Protect
against unwanted cultural influence
Protect
young industries from competition

Question 26. Question
:
The ________ argument says that a country’s emerging
industries need protection from international competition during their
development.
national
security
infant industry
strategic
trade policy
GATT
treaty

Question 27. Question
:
Companies seek cross-border mergers and acquisitions for
each of the following reasons EXCEPT to ________.
get
a foothold in new geographic markets
increase
a firm’s global competitiveness
fill
in gaps in companies’ product lines in a global industry
free up company budgets for
increased R & D

Question 28. Question
:
Economic integration whereby countries remove all barriers
to trade and the movement of labor and capital between themselves and erect a
common trade policy against nonmembers is called a(n) ________.
economic
union
customs
union
common market
political
union

Question 29. Question
:
Typical buyers of bonds include all of the following except
________.
medium-
to large-sized banks
pension
funds
mutual
funds
governments in need of funds

Question 30. Question
:
Sandy Smith, vice president of marketing for a large
consumer products company, will soon travel to Colombia to spearhead an effort
to increase her company’s presence there. Sandy is concerned about her safety
and has contacted a risk-assessment service for advice. If Sandy is asked for
personal information, she should ________.
respond
quickly and give detailed information
be vague but friendly with her
response
give
out her work or mobile phone number, but never her home phone number
demand
to know why she is being asked for personal information

Question 31. Question
:
Describe international trade including its potential
benefits, and explain why a nation trading with a neomercantilist country would
be at a disadvantage.

Question 32. Question
:
Explain the concept of balance of payments and describe its
two major components.

Olive oil made in Italy and sold in the United States is an
example of which of the following? Global
brand U.S.
export U.S. import Standardized
product Question 2. Question
: Tacky Toys, a U.S.-based toy retailer, buys all its
merchandise from Mushi Toys, a Japan-based toy manufacturer with production
facilities in 12 nations. Mushi Toys markets its toys globally without
modification. Mushi Toys selling its products to Tacky Toys is an example of
________. importing bartering exporting globalization Question 3. Question
: Which of the following is most likely not an effect of
globalization? Increases
in the variety of capital flows across national borders Increases in the economic
isolation of developing countries Increases
in the rate at which products are diffused worldwide Increases
in the volume of cross-border transactions Question 4. Question
: Which of the following are products marketed in all
countries essentially without any changes? National
products Adapted
products Global products Locally
responsive products Question 5. Question
: Two major forces that underlie the expansion of globalization
are ________ and ________. deregulation
of tourism; the rise of nationalism economic
interdependence; the decline of international organizations trade
barriers; political unrest falling barriers to trade and
investment; technological innovation Question 6. Question
: Jimmys Jeans creates denim in the United States. The jeans
are sold by British retailers who mark up the price by an additional 10% to
reflect the cost of taxes associated with importing the denim. The tax is known
as a __________. Import
sanction Tariff Embargo Nontariff
barrier Question 7. Question
: The three main goals of the ________ are to help the free
flow of trade, help negotiate the further opening of markets, and settle trade
disputes between its members. General
Agreement on Tariffs and Trade (GATT) World Trade Organization (WTO) World
Bank International
Monetary Fund (IMF) Question 8. Question
: Last year, Sabrina Shin started a business selling all types
of spices and hot sauces. The business is small but this entrepreneur’s dreams
are big. Given limited demand and sales fluctuations in the domestic market,
Sabrina has been considering going international; however, she has little
information, many doubts, and no guidance. If you were to advise Sabrina on the
myths versus facts of exporting, which of the following would you state is a
fact? Only
large companies can export successfully. Sabrina’s products do not need
export licensing. Small
businesses have no place to turn for export advice. There
is no export financing available for Sabrina’s business. Question 9. Question
: For 75 years, from the start of the First World War to the
end of the Cold War, there was a geographic divide between ________, and an
ideological divide between ________. North
and South; protectionism and socialism North
and South; regionalism and globalization East and West; regionalism and
globalization East and West; communism and
capitalism Points Received: 0 of 1 Question 10. Question
: Which of the following terms is used to refer to widespread
job turnover throughout an economy? Redeployment Churning Wage
differentials Attrition
spectrum Question 11. Question
: The “global business environment” consists of four
distinct elements: globalization, national business environments, the
international business environment, and ________. falling
trade and investment barriers international firm management technological
innovation multinational
corporations Question 12. Question
: Which of the following terms is used to refer to the
positive or negative evaluations, feelings, and tendencies that individuals
harbor toward objects or concepts? Customs Attitudes Manners Values Question 13. Question
: Which of the following statements regarding cultural change
is NOT true? Cultural
change occurs as new traits are accepted and absorbed into a culture. Cultural diffusion occurs
quickly in almost every culture. Globalization
is increasing the pace of cultural diffusion. Technological
advances are increasing the pace of cultural diffusion. Question 14. Question
: Which of the following terms is used to refer to behavior
that is shared by a heterogeneous group or by several groups? Manners Lingua
franca Popular custom Folk
custom Question 15. Question
: A ________ is a system of social stratification in which
people are born into a social ranking, with no opportunity for social mobility. moksha
system class
system caste system genealogy
system Question 16. Question
: When translated, the term Shinto means ________. path
of the heart way of the gods escape
from reincarnation achieving
enlightenment Question 17. Question
: According to Hofstede’s framework, which of the following
describes the degree of inequality between people in different occupations? Power
distance Uncertainty
avoidance Individualism Collectivism Question 18. Question
: Sid Maxwell is head of legal affairs for Hudson Inc., a
producer of animal figurines that include an embedded software program that
makes animal sounds. Hudson is expanding its market to include parts of Asia
and Maxwell is concerned about reports of software piracy in the region. The
software program embedded in Hudson’s figurines is an example of ________. a copyright intellectual property a
trademark local
content Points Received: 0 of 1 Question 19. Question
: Global Trading, LLC, is a distributor of computer software
and hardware, steel and copper scrap, and telephone and electric utility
equipment. Involved in three very different types of industries, the company
faces many types of risks in its global business. Global Trading just learned
that the government in one country in which it does business has taken over the
entire electric utility industry. The government’s actions are an example of
________. confiscation globalization expropriation nationalization Question 20. Question
: Which of the following philosophies maintains that a
company’s sole responsibility is to maximize profits for its owners? Utilitarian
view Righteous
moralist view Friedman view Cultural
relativist view Question 21. Question
: Which of the following terms is used to refer to personal
behavior in accordance with guidelines for good conduct or morality? Standardized
behavior Customary
behavior Ethical behavior Adaptive
behavior Question 22. Question
: A bootleg Prada backpack that costs $500 in New York but
sells for $100 in Rome is an example of which of the following? Patent
infringement Pirated product Copyright
violation Standardized
product Question 23. Question
: Which of the following was initially a code governing moral
and ethical behavior that was later extended to govern commercial transactions? Civil
law Hindu
law Common
law Islamic law Question 24. Question
: The value of all goods and services produced by the domestic
economy over a one-year period is called ________. gross
domestic product (GDP) human
development index (HDI) gross
national product (GNP) purchasing
power parity (PPP) Question 25. Question
: Which of the following is an example of a political motive
behind government intervention in trade? Promote
a strategic trade policy Gain influence over other
nations Protect
against unwanted cultural influence Protect
young industries from competition Question 26. Question
: The ________ argument says that a country’s emerging
industries need protection from international competition during their
development. national
security infant industry strategic
trade policy GATT
treaty Question 27. Question
: Companies seek cross-border mergers and acquisitions for
each of the following reasons EXCEPT to ________. get
a foothold in new geographic markets increase
a firm’s global competitiveness fill
in gaps in companies’ product lines in a global industry free up company budgets for
increased R & D Question 28. Question
: Economic integration whereby countries remove all barriers
to trade and the movement of labor and capital between themselves and erect a
common trade policy against nonmembers is called a(n) ________. economic
union customs
union common market political
union Question 29. Question
: Typical buyers of bonds include all of the following except
________. medium-
to large-sized banks pension
funds mutual
funds governments in need of funds Question 30. Question
: Sandy Smith, vice president of marketing for a large
consumer products company, will soon travel to Colombia to spearhead an effort
to increase her company’s presence there. Sandy is concerned about her safety
and has contacted a risk-assessment service for advice. If Sandy is asked for
personal information, she should ________. respond
quickly and give detailed information be vague but friendly with her
response give
out her work or mobile phone number, but never her home phone number demand
to know why she is being asked for personal information Question 31. Question
: Describe international trade including its potential
benefits, and explain why a nation trading with a neomercantilist country would
be at a disadvantage. Question 32. Question
: Explain the concept of balance of payments and describe its
two major components.

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